Tag: USDJPY

The USD/JPY pair initially fell during the course of the session on Tuesday, testing the 122 handle. With that, we bounced off of that area in order to form a bit of a hammer. The hammer of...

The USD/JPY pair gapped lower at the open on Monday, but then turned back around to fill that gap. Ultimately, this market looks like it’s ready to continue going higher, and as a result we think that...

After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near...

The USD/JPY pair fell slightly during the course of the day on Friday, as we await the results of the Greek referendum. Quite frankly though, we still believe that the market has plenty of support below and...

USDJPY was rejected at the resistance of the descending channel on its 1-hour time frame, which suggests that the selloff could resume. The pair found resistance at the 123.50 minor psychological level and could head back towards...

The USD/JPY pair broke higher during the session on Wednesday, clearing the top of the hammer from Tuesday. Because of this we feel that the market is going to continue to consolidate overall but we also recognize...

The USD/JPY pair went back and forth during the course of the session on Tuesday, ultimately settling nothing. That’s not a big surprise though, because the 122 level has been so supportive in the past. With that...

The USD/JPY pair fell during most of the session on Monday, as the world reacted to the situation in Greece. However, at the end of the day the reality is that the market places do seem to...

The USD/JPY pair rose during the course of the day on Friday, showing that there is still some resilience in this market. However, we recognize that the market has cooled off lately, mainly because the 125 level...